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Find the company's 2024 inventory turnover ratio. A Company reported the following in its 2024 financial statements: Sales Cost of goods sold: Inventory, January 1

Find the company's 2024 inventory turnover ratio.

A Company reported the following in its 2024 financial statements: Sales Cost of goods sold: Inventory, January 1 Net purchases Goods available for sale Inventory, December 31 Cost of goods sold Gross profit 2024 $ 435,000 75,000 333,000 408,000 94,000 314,000 $ 121,000

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